pls solve the problem
This query is : Resolved
kaushal vijaywargiya
(Querist)
10 July 2010
Sir
i am a bus body making contractor in a company and i issue my bill with the name of job charges and my annual turn over is 2700000. i have no service tax registration and my company allso not provided me service tax. but i want to file my income tax return . so may i file my return with following account head
material consumption 65 % of gross recipt
labour charges 22 %
other exps 6 % of gross recipt
in above case will i carry material bill & wages register after 8 & profit shown and will i give service tax
i am a bus body making contractor in a company and i issue my bill with the name of job charges and my annual turn over is 2700000. i have no service tax registration and my company allso not provided me service tax. but i want to file my income tax return . so may i file my return with following account head
material consumption 65 % of gross recipt
labour charges 22 %
other exps 6 % of gross recipt
in above case will i carry material bill & wages register after 8 & profit shown and will i give service tax
Madhukar N Hiregange
(Expert)
11 July 2010
NO service tax since the activity carried out amounts to manufacture as per the chpater notes to 87. It being exempted is another matter.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
